There may be some oil ‘wiggle room’ on Iran

Though as much as 1 million barrels per day could be limited with the U.S. pullout of the Iranian deal, there could be some wiggle room, analysis found. White House spokeswoman Sarah Sanders told reporters that Iran now faces “enormous” sanctions pressure with the United States stepping out of the Joint Comprehensive Plan of Action , a multilateral nuclear agreement that gave relief to Iran in exchange for peaceful commitments. “All of the sanctions that were in place before the deal are back in place, and we are preparing to add additional sanctions that may come as early as next week,” she advised. U.S. President Donald Trump had until May 12 to issue a […]